Multi Agro Shares to be Delisted on 25 October www.suaramerdeka.com, 2005-09-28
PT Multi Agro Persada Tbk will be delisted from the Jakarta Stock Exchange (JSX) on 25 October 2005 since the company has decided to become a private company. The company will no longer need to fulfil its obligation as a listed company in the JSX. If the company decided to relist its shares, it would have to follow a number of procedures.
Aspac Fppd Industries Ltd holds 98.34 percent of the company’s shares. Aspac offers to buy the remaining public-held shares for Rp 2,700 per share during the period of 1 December 2005 to 1 March 2006.
Aspac Food Becomes Multi Agro’s Stock Buyer Bisnis Indonesia, page B2, 2005-09-09
Since PT Multi Agro Persada Tbk. plans to voluntarily delist its shares from the stock exchange, Aspac Food Industries Pte Ltd has agreed to become a ready buyer of the company’s shares. The shares will be bought for Rp 2,700 per share. Aspac’s buying period will start from 1 December 2005 and ends in March 2006.